NatWest Group (OTCMKTS:RBSPF) Stock Price Down 5.3% – Time to Sell?

NatWest Group PLC (OTCMKTS:RBSPF) traded down 5.3% during mid-day trading on Monday . The company traded as low as $8.70 and last traded at $8.70. Approximately 370 shares changed hands during trading, a decline of 98% from the average daily volume of 23,902 shares. The stock had previously closed at $9.1850.

Wall Street Analysts Forecast Growth

Separately, Keefe, Bruyette & Woods upgraded shares of NatWest Group from a “hold” rating to a “moderate buy” rating in a report on Friday, July 17th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

NatWest Group Stock Down 3.3%

The company has a market capitalization of $71.15 billion, a PE ratio of 8.88 and a beta of 0.96. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.15. The stock has a 50-day moving average of $9.08 and a 200 day moving average of $8.33.

NatWest Group (OTCMKTS:RBSPF) last announced its quarterly earnings data on Friday, July 31st. The company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.04. NatWest Group had a return on equity of 14.01% and a net margin of 20.10%.The company had revenue of $5.97 billion during the quarter, compared to analyst estimates of $5.83 billion.

NatWest Group Company Profile

NatWest Group plc is a major UK-based banking and financial services company headquartered in Edinburgh, Scotland. The group traces its roots to the Royal Bank of Scotland, founded in 1727, and grew through subsequent mergers and acquisitions—most notably the acquisition of National Westminster Bank (NatWest) in 2000. In 2020 the firm adopted the NatWest Group name to align the corporate identity more closely with its primary retail brand. Over its long history the group has undergone significant restructuring and recapitalization, including interventions and reforms following the global financial crisis.

NatWest Group operates across retail, commercial, corporate and institutional banking, as well as wealth management and private banking.